Enterprise Risk Officer - Fraud Operations

Job Summary

This role supports the regulatory and operational risk management activities of the Credit Union’s Fraud Operations department by providing risk guidance (operations, business continuity, vendor management, and regulatory compliance, etc.) related to the business unit’s activities. This role reports to the Director of Fraud Operations; and supports risk management through developing procedures with effective controls, monitoring and analysis of results, reporting important risk and control issues, and coordination with the Credit Union’s risk functions. This role also assists in the development of effective action plans and remediation strategies for identified risk related issues, participates in strategic enterprise-wide projects to drive proactive risk identification and mitigation, and supports the Credit Union’s overall enterprise-risk-management strategy.

Essential Functions

• Demonstrate expertise in regulatory and operational risk area(s) of Fraud Operations, by developing procedures and effective controls to manage the department’s compliance and other risk.
• Work with Fraud Operations management to develop first line of defense (1LOD) quality control processes.
• Monitor 1LOD risk management activities performed within Fraud Operations and use results to elevate self-identified issues into Issues Management.
• Assist Fraud Operations in completing second-line required processes, such as third-party risk management, complaint response and analysis, business continuity planning, risk assessments and issue management.
• Collaborate with other departments across the Credit Union, including Compliance, Legal, and Enterprise Risk Management, including identification and review of changing regulatory and operational risk requirements.

• Develop risk and control assessments that accurately reflect the level of regulatory, operational and other identified risk. Take a leadership role in developing and completing Risk and Controls Self Assessments where needed for Fraud Operations processes, products and functions to determine and reflect the residual level of risk.
• Act as a subject matter expert on fraud risks, providing guidance & support to other departments.

• Promote a culture of identifying, documenting, and reporting weaknesses in processes or controls, perform root cause analysis and work with business unit management to develop and execute remediation strategies.
• Serve as a point of escalation for complaints received related to Fraud Operations activities.
• Engage in change management initiatives through appropriate level of research, analysis, and development of corporate and business level communications describing impact and necessary action by management.

• Act as a change agent for the promotion of a risk management culture.

• Assist in developing, implementing & maintaining a comprehensive risk management framework, focused on fraud prevention, detection and mitigation.

Knowledge, Skills and Abilities

• Ability to identify potential fraud risks and create strategies to minimize those risks, while ensuring regulatory compliance.
• Experience with fraud investigation, detection and prevention programs
• Demonstrated experience in collaborating with internal and external stakeholders to manage & respond to fraud incidents.

• Willingness to engage with Fraud Operations subject matter experts to learn vital functions, as well as critical internal partnerships and external vendor relations to further understanding of Fraud Operations landscape.
• Understanding of regulations applicable to Fraud Operations (i.e. Reg E, Reg Z, UDAAP, Reg CC, FDCPA, etc.). 
• Maintain working knowledge of credit union policies and procedures regarding laws and regulations applicable to the business unit.
• Proven problem solver with ability to provide in-depth analysis of complex problems, manage risk and make independent decisions
• Ability to navigate across all organization levels with excellent project management skills.
• Proven ability to influence organizational processes as well as measure effectiveness and impact.
• Broad knowledge of banking/financial services principles and applicable regulatory controls.
• Ability to effectively facilitate and/or participate in process improvement projects, as projects dictate.

Qualifications

• 8-10 years of banking/financial services Fraud Operations-focused experience with high level of engagement with ERM and regulatory processes and tools or 3-5 years of experience in a financial institution compliance, ERM or audit program conducting risk assessments, performing remediation or executing process improvement functions.

• Relevant professional banking certifications such as Certified Regulatory Compliance Manager (CRCM), Credit Union Compliance Expert (CUCE) or NAFCU Certified Compliance Officer (NCCO), Certified Enterprise Risk Professional (CERP), or Certified Internal Auditor (CIA) designation preferred. Alternatively, demonstrate ability to obtain credentialing within 12 months of taking the role (credit union will cover reasonable costs associated with preparation and testing).

• Demonstrated ability to independently manage multiple and complex work efforts, which involve directing other key stakeholders across the credit union.
• Understanding of financial institution general control structure, as well as, knowledge of operations of the business unit, to assess risk, provide effective challenge, and make appropriate recommendations.

At OnPoint, we believe a workplace that reflects the richness of the world fosters a welcoming and empowering environment for everyone. We're committed to equity and inclusion, and consider all qualified applicants embracing every race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and your unique background.

We encourage you to apply if you're passionate about this opportunity and have the core qualifications. Your unique experiences and skills are what make you a strong candidate. Don’t let imposter syndrome hold you back! Our recruitment process is designed to be inclusive and accessible to all. If you need any accommodations during the application or interview stage, please let us know. We're dedicated to providing what's necessary to ensure a fair and inclusive experience.